SubstanceX Joins Chainlink BUILD for Enhanced Oracle Services

By Chainlink
Feb 22, 2024, 5:02 PM
twitter

SubstanceX has joined Chainlink BUILD to access industry-leading oracle services and technical support for decentralized perpetuals.​ They will provide 3.​5% of their token supply to Chainlink service providers.​ SubstanceX aims to offer a superior decentralized perpetuals exchange and improved liquidity across different chains.​ As part of BUILD, they will utilize Chainlink Data Streams and CCIP for perpetuals trading and cross-chain liquidity.​

Sources
Read more about Chainlink

Lombard Finance Adds Symbiotic Layer for Enhanced Cross-Chain Bitcoin Security

Lombard Finance Adds Symbiotic Layer for Enhanced Cross-Chain Bitcoin Security

**Lombard Finance** is upgrading its cross-chain LBTC transfers by integrating **Symbiotic** alongside Chainlink CCIP for additional security guarantees. **Key developments:** - Symbiotic LINK and BARD vaults will monitor LBTC cross-chain transfers - First implementation of CCIP's modular security features - Network designed to detect and flag potential anomalies during transfers **Technical innovation:** This collaboration leverages CCIP's support for custom safeguards, allowing token developers to add extra security layers when moving assets across blockchains. The partnership represents a **first-of-its-kind** approach to securing cross-chain Bitcoin transfers through cryptoeconomic guarantees.

First EU-Regulated Onchain Exchange Adopts Chainlink for Tokenized Securities

**21X**, the first EU-regulated onchain exchange for tokenized securities, has integrated **Chainlink's data standard** to deliver real-time market data directly on Polygon blockchain. **Key Features:** - Live post-trade data including last traded prices and bid-ask offers - Enables tokenized equities, debt securities, and funds as collateral in lending protocols - **Black Manta Capital Partners USMO** (backed by UBS USD Money Market Fund) is first security using Chainlink data **Regulatory Compliance:** Operating under **BaFin supervision**, 21X provides institutions the transparency and auditability needed for onchain adoption while maintaining full regulatory compliance. **Future Expansion:** 21X plans to expand Chainlink integration to include: - Pre-trade data - Deeper analytics - Additional asset classes This partnership represents a significant step toward bridging traditional capital markets with blockchain technology, potentially opening institutional capital flows onchain.

Chainlink Adds 8 New Integrations Across 6 Blockchains

Chainlink Adds 8 New Integrations Across 6 Blockchains

**Chainlink expanded its reach** with 8 new integrations this week across 4 services and 6 different blockchains. **Key networks involved:** - Aptos - Base - Bitlayer - Ethereum - Polygon - Sei **Notable new integrations include:** - AicroStrategy - Aptos - BitlayerLabs - Polymarket - SeiNetwork - stakedotlink This continues Chainlink's steady growth pattern, following 7 integrations the previous week and maintaining consistent adoption across multiple blockchain ecosystems. [Explore the complete Chainlink ecosystem](https://www.chainlinkecosystem.com/)

Chainlink Activates Revenue Reserve After Hitting Hundreds of Millions Milestone

**Chainlink reached a major financial milestone**, generating hundreds of millions in revenue before activating its reserve mechanism. Sergey Nazarov, Chainlink's co-founder, discussed this **key achievement** during an appearance on The Wolf of All Streets podcast with Scott Melker. The decision to "turn on the reserve" came specifically after crossing the hundreds of millions revenue threshold, marking a significant operational shift for the decentralized oracle network. This milestone demonstrates Chainlink's growing market position as the leading infrastructure provider connecting blockchain networks to real-world data and systems.

Chainlink Reserve Fueled by Enterprise Revenue Growth

**Chainlink reaches commercial milestone** as enterprise adoption drives revenue into the Chainlink Reserve system. **Key developments:** - Payment Abstraction converts both offchain enterprise revenue and onchain fees into LINK tokens - Strategic reserve accumulates LINK using revenue from large enterprise adoptions - System creates sustainable funding cycle for network growth **LINK token utility expands across five areas:** - Service payments for oracle data and interoperability - Simplified payment options through abstraction layer - Strategic reserve building from enterprise deals - Network security through staking mechanisms - Rewards program for active ecosystem participation **Smart Value Recapture milestone:** Over $1.1M recaptured from liquidation MEV, processing $32M+ in transactions with 80%+ recapture rates. The Reserve demonstrates how enterprise adoption directly supports network sustainability and growth.